Elon Musk said Twitter will help promote the creators' work and maximize earnings.
Twitter-owner Elon Musk said on Thursday users of the social media platform will be able to offer their followers subscriptions to content, including long-form text and hours-long video. Users offering subscription to their content, a feature they can access through the "Monetization" tab in settings, will get all the money subscribers pay apart from the charges platforms such as Android and iOS levy. Twitter will not take a cut for the first 12 months.
ALSO READ: Elon Musk says Twitter ‘breaking even’ amid reports of ad revenue slump.. "That's 70% for subscriptions on iOS & Android (they charge 30%) and ~92% on web (could be better, depending on payment processor)," Musk said in a tweet, adding Twitter will also help promote the creators' work and maximize earnings. Musk has been bringing in changes to boost revenue at Twitter after the social media platform saw advertising income drop last year in the run up to his on-again-off-again acquisition that closed in October.
News taken from https://www.hindustantimes.com/.
